Page A2: SF FED President said that the plunges of all prices along with slackening demand for goods and services should push inflation with downward pressure. Paul Ashworth,chief economist at Capital Economics said:" The action of policymaker can head this off first." Let us wait and see the evidence.
Page A6: Korea searched for US$.Korean won loss daily % nearly 11 years. President Lee said" Individual greed should be put aside in times of national crisis."
Page A10: The late Seven-billionaire Wang was reclusive and followed the adage "Live a day,work a day." Wang's frugality was legendary. Perhaps Americans can learn from him.
My guideline is: To live is to learn from others.
Page A13: Most pundits are wrong about the bubble according to Prof. Calomiris of Columbia Business School. Believe such?
Page B5: China's alumninum firm seeks assets reprieve.
Investor's Business Daily. Oct.20, 2008: Page A1: Photo of China's 7000 toy factory workers demand unpaid wages. They become casualty of global financial crisis.
Francis Shieh a.k.a. Xie Shihao,a daily blogger on Oct. 18, 2008 at 4 p.m.
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